BSBDA - Basic Savings Bank Deposit Account

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How to Open a Basic Savings Bank Deposit Account

To open a BSBD Account with HDFC Bank, you can visit your nearest bank branch.

Note: Online Account opening facility is not available for BSBD Accounts.

Documents Required

ID and address proof documents for account opening include:

• Valid passport
• Permanent Account Number (PAN)
• Voter ID
• Driving license
• Aadhaar Card
• Job card issued by NREGA, duly signed by an officer of the State Government
• Identity cards issued by the Central/State Government, Public Sector Undertaking, any Scheduled Commercial Bank or any Public Financial Institution for their employees
  
  

Additional Documents for BSBD Accounts

• ID and Address Proof: Letter issued by a gazette officer, with a duly attested photograph of the applicant*
• BSBDA Declaration signed
  
  

Click here to view the complete list of documents required.

How to Open BSBD Account Under Pradhan Mantri Jan Dhan Yojana?

To open a BSBD Account under PMJDY, visit your nearest HDFC Bank branch and submit the application form and required documents.

FAQs

What are the benefits of opening a BSBD Account?

A Basic Savings Bank Deposit Account facilitates basic banking services for all. By opening a BSBD Account, you can access banking facilities such as free cash deposits, free RuPay Debit Card, access to NetBanking, Mobile Banking and PhoneBanking, cheque facility, etc. You can send money to different bank accounts via NetBanking and PhoneBanking. You can also access Safe Deposit Lockers and Super Saver facilities (Overdraft Against FD)​​​​​​​.

Can I convert my existing Savings Account into a BSBD Account?

As per RBI guidelines, regular Savings Account holders can convert their account into a no-frills BSBD Account. Note that if you hold a BSBD Account, you cannot hold any other Savings Account or Current Account with the bank. Additionally, you cannot have a BSBD Account with any other bank.

What customer support options are available for BSBD Account holders?

BSBD Account holders can get access to all the customer support options offered by the bank to their regular Savings Accountholders. For instance, with HDFC Bank’s BSBD Account, accountholders can access PhoneBanking services to get their queries addressed.

What are the interest rates for BSBD Accounts?

You can get in touch with HDFC Bank to find out the interest rates applicable to BSBD Accounts. You can access uniform interest rates offered by the bank.

Is there a minimum deposit requirement to open a BSBD Account?

Please visit your nearest HDFC Bank branch to know the minimum deposit requirements to open a BSBD Account.

Can I open a Fixed Deposit through a BSBD Account?

Yes, you can. You can open a Fixed Deposit or Recurring Deposit in the bank where you hold a BSBD Account.

Can I open another account in the bank where I have a BSBD Account?

No, you cannot. As a BSBD Accountholder, you are not eligible to open another Savings Account or Current Account with the bank. If you have another account, you are required to close it within 30 days from the opening of the BSBD Account.